The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.
Today's Outlook: The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525.
Bullish Scenario: To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760.
Bearish Scenario: As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines.
Today's Expected Range: The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
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